MIAMI—The iconic Conrad Miami hotel is up for sale. CBRE Hotels is representing the seller of the 203-room luxury hotel. The Conrad Hotel sold for $65 million in 2004.
Located at 1395 Brickell Avenue, the hotel sits at the highest-profile street in the Miami's business and financial district. The hotel is in the landmark Espirito Santo Plaza, recognized for its concave figural arch representing the gateway to Latin America.
“It's rare that an asset of this caliber on Brickell Avenue, Miami's most prominent business address, becomes available,” Paul Weimer, CBRE Hotels, tells GlobeSt.com. “And timing for a sale is ideal with financing for hotels again available from a range of lenders. We expect a very competitive bidding environment.”
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